Brazil pays off R$4.6 billion in debts with international organizations, says government

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Of the total, R$2.73 billion are consolidated liabilities at the end of 2022 – that is, debts that were not paid in previous years. Brazil pays debts with international organizations Brazil paid off R$4.6 billion in debts with international organizations such as the United Nations (UN) and others. The information comes from the Ministry of Planning and Budget, this Thursday (4). According to the ministry, of the total: R$2.73 billion are consolidated liabilities as of December 31, 2022. In other words, debts not paid in previous years; R$1.89 billion refers to the year 2023. According to the ministry, the following were paid in 2023: R$289 million in the regular budget to the UN; R$1.1 billion in liabilities relating to UN peacekeeping missions; R$500 million to the Mercosul Structural Convergence Fund. The Ministry of Planning and Budget did not detail the other payments. The ministry states that the settlement of debts with the UN ensures Brazil’s right to vote in the United Nations General Assembly in 2024. In 2023, the country also resumed its right to vote in the International Organization for Migration (IOM); in the Comprehensive Nuclear-Test-Ban Treaty Organization (CTBTO); at the International Atomic Energy Agency (IAEA); at the Organization for the Prohibition of Chemical Weapons (OPCW) and the International Criminal Court (ICC). In the 2024 Budget, expenditure on contributions to international organizations was classified as mandatory. For the government, this “will avoid the future accumulation of liabilities with international organizations governed by public international law”. In a statement, the Ministry stated that the payment “strengthens Brazil’s image on the global and regional international stage, reaffirms the country’s commitment to multilateralism and reinforces the capacity for diplomatic action in favor of national interests and the principles that govern foreign policy Brazilian”. Debt with the UN In 2022, after a survey at the request of BBC News Brasil, the UN indicated that Brazil’s debt was US$306 million, equivalent to R$1.5 billion at the time. According to the organization’s rules, if a country accumulates a debt equivalent to two years or more of its regular contributions, it may lose the right to vote. Brazil had made some debt payments to avoid this consequence. At the end of 2020, for example, then-president Jair Bolsonaro (PL) sanctioned a bill that opened additional credit of R$3.3 billion to pay part of the debts.

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